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Oct 3, 2012
10/12
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan said the middle class has been buried. >> they are being buried by the obama administration's economic failures. >> reporter: the obama campaign said ryan took mr. biden's words out of context. the president will have the first word tonight, mitt romney will have the last. >> susan, thank you. this is where you can watch tonight's debate. our coverage begins at 9:00 p.m. eastern right here on cbs. meanwhile off the campaign trail conservative blogs were buzzing about fox news recent airing about a 2007 speech by a then senator obama before a black audience. he expressed suspicion the federal government was withholding recovery money to new orleans after hurricane katrina. >> when hurricane andrew struck in florida people said look at this devastation. we don't expect to you come up with the almighty money. here's the money. we won't wait for you to scratch it together because you're part of the american family. what's happening down in new orleans? where is your d
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan said the middle class has been buried. >> they are being buried by the obama administration's economic failures. >> reporter: the obama campaign said ryan took mr. biden's words out of context. the president will have the first word tonight, mitt romney will have the last. >> susan, thank you. this is where you can watch tonight's debate. our...
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Oct 2, 2012
10/12
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a tax increase. if washington doesn't come up with bauj et deal by the end of the year. if existing tax cuts are allowed to automatically expire, the average tax increase would be $3500 a year, a middle income family make between $40,000 and $60,000 a year would see their tax bill rise by $2,000. >>> overseas marks were mixed this morning. tokyo's nikkei shed a fraction on concerns of company earnings, while south korea's kospi grained a fraction. hong kong's hang seng is closed for a holiday. >>> on wall street, the dow added 77 points while the nasdaq lost two points. jp morgan chase is being sued over dealings made by bear stearns, the investment bank it acquired in 2008. new york's attorney general filed the suit claiming bear stearns misled investors. the suit is the first to be filed under a group set up by the obama administration to investigate misconduct that caused the 2008 financial crisis. jp morgan says it will will contest the suit. and notes that the alleged actions took place before i
a tax increase. if washington doesn't come up with bauj et deal by the end of the year. if existing tax cuts are allowed to automatically expire, the average tax increase would be $3500 a year, a middle income family make between $40,000 and $60,000 a year would see their tax bill rise by $2,000. >>> overseas marks were mixed this morning. tokyo's nikkei shed a fraction on concerns of company earnings, while south korea's kospi grained a fraction. hong kong's hang seng is closed for a...
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Sep 29, 2012
09/12
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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have their foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere e
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
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Oct 2, 2012
10/12
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corporate tax reforms should pt affect the tax right? by the way, why haven't you talked more in your campaign about the 20% tax cut and the corporate tax cut from 35 to 25%. supply sides have been critical of you and your running mate because you seemed to have back add way from the tax issue which even president obama believes would have stimulate the economy. >> i'm sitting here debating an able congressman. but the fact is, that president ro romney's plan is out there for everyone to see. they are on the record and he will implement for the purpose of creating boe ining growth. it is because you are running to help everybody. everybody that needs to get a job and people are suffering out there. >> what besides taxes. >> what besides taxes? >> give me something else? >> the most important thing is to get the private sector something else. people are on the sls out there. you know what, people have an uncertainty and i don't think we can afford another four years of interrupted jobs. >> president, i'm going to give you the last word. j
corporate tax reforms should pt affect the tax right? by the way, why haven't you talked more in your campaign about the 20% tax cut and the corporate tax cut from 35 to 25%. supply sides have been critical of you and your running mate because you seemed to have back add way from the tax issue which even president obama believes would have stimulate the economy. >> i'm sitting here debating an able congressman. but the fact is, that president ro romney's plan is out there for everyone to...
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Sep 28, 2012
09/12
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income taxes, they don't pay a 1040 tax or file a 1040 form. neil: you think that can get a pass. you think that can get a pass. >> neil, let's get beyond that, let's talk about the patriotism issue, first of all, focusing on a four point program, only one of the elements, you know, related to higher taxes on the wealthy, most was about fostering the economic status of the midet class and having growth from middle out, not top down. neil: where, was patriotism to reduce spending? >> in my group, patriotic millionaires for fiscal strength, we believe in modestly, slightly higher taxes on wealthy persons, consisting of people who make a million dollars a career or more that roughly correspondents to top% as a temporary measure to address what you are talking about fiscal crisis, you can't solve the fiscal crisis as made clear in simpson bowle report by cutting spending. neil: but he leaves the spending out. and it might be in a future. >> it is in the plan. >> he rejected -- he rejected simpson bowls, the very debt commission that gave him ideas,
income taxes, they don't pay a 1040 tax or file a 1040 form. neil: you think that can get a pass. you think that can get a pass. >> neil, let's get beyond that, let's talk about the patriotism issue, first of all, focusing on a four point program, only one of the elements, you know, related to higher taxes on the wealthy, most was about fostering the economic status of the midet class and having growth from middle out, not top down. neil: where, was patriotism to reduce spending? >>...
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Sep 30, 2012
09/12
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>> we've gotten ourselves into a such a deep hole and everyone wants to avoid tax, tax, tax, we can't. yes, they've got it cut it, and going to have to do financials, we don't want to do it, we've got to. >> neil: i'd like to disagree with that, but (laughter) >> mr. gasperino? >> and we don't have to raise taxes right now. it'd be a dumb thing to raise taxes, in the middle it looks like we're headed to a double dip recession. >> neil: you think that. >> you look at the numbers and the business round table and look at the latest gdp numbers and consumer spending and i don't criticize ben bernanke for doing what he did with qe three, primarily the numbers look bad-- >> of aalways been in the-- >> and i tell you, never criticized, one you've never criticized. >> neil, neil, this is the only thing left. if you don't have-- >> come on, i think you doth protest too much. dagen. >> i think what ryan says does ring true. because obama care and the bowles simpson panel completely off the table. medicare don't touch it. medicaid, do ent touch it. in fact, paul ryan did work with alice rivlin o
>> we've gotten ourselves into a such a deep hole and everyone wants to avoid tax, tax, tax, we can't. yes, they've got it cut it, and going to have to do financials, we don't want to do it, we've got to. >> neil: i'd like to disagree with that, but (laughter) >> mr. gasperino? >> and we don't have to raise taxes right now. it'd be a dumb thing to raise taxes, in the middle it looks like we're headed to a double dip recession. >> neil: you think that. >> you...
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Sep 25, 2012
09/12
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among his opponent's tax returns. >> he was asked does he think it's fair that he pays a lower tax rate than somebody making $50,000 a year and hesaid, yes, ink it' faind also think that's the way you get economic growth. >> i just got a different vision about how we grow an economy. i think, barbara, you grow an economy from the middle out, not from the top down. >> it wasn't just the president talking about taxes. secretary inton alsei inue ding a speech at the clinton global initiative. >> one of the issues that i have been preaching about around the world is collecting taxes i an omhe elite in every country. you know, i'm out of american politics but -- [ applause ] >> -- it is a fact that around the world the elites of ref couny making money. there are rich people everywhere. and yet they do not contribute to the growth of their own countries. today both president obama and mitt romney will take part in this year's clintonbal ia. idkey, by the way, will be our guest this morning on "morning joe." >>> with just 42 days to go till election day the race for u.s. senate in massausetts
among his opponent's tax returns. >> he was asked does he think it's fair that he pays a lower tax rate than somebody making $50,000 a year and hesaid, yes, ink it' faind also think that's the way you get economic growth. >> i just got a different vision about how we grow an economy. i think, barbara, you grow an economy from the middle out, not from the top down. >> it wasn't just the president talking about taxes. secretary inton alsei inue ding a speech at the clinton...
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Sep 26, 2012
09/12
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what he hasone before, the status quo h not worked. >> romney attacng someone on taxes? that's like me attacking someone for being passionate in politics. >> reporter: romney is o a two day tn oh. tuesday with his running mate. >> after four years of getting the run around, what america eds is a turnaround. >> reporter: but it's a tough state to make their pitch for 12 million more jobs. ohio's employment rate is lower than the national age. daherent releases other ss another add slamming romney for dismissing the 47% of americans who don't pay taxes. he'll run into sometruggling families iora. th "in piv the president a four point edge there. >> all right, tracie potts for us in washington. thanks. >>> here's your first look at some of e other news going on around america today. in hawaii, check out these powerful waves. a created an incredible scene at the binni of a paddle boat race. they were tossed around like rag dolls. the ocean was littered with at least ten capsizeded canoes before the race even started. in south dakota, close to 1,000 son created quite a rumble
what he hasone before, the status quo h not worked. >> romney attacng someone on taxes? that's like me attacking someone for being passionate in politics. >> reporter: romney is o a two day tn oh. tuesday with his running mate. >> after four years of getting the run around, what america eds is a turnaround. >> reporter: but it's a tough state to make their pitch for 12 million more jobs. ohio's employment rate is lower than the national age. daherent releases other ss...
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Sep 25, 2012
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if he owed taxes in the past, you would see these adjustments through his tax returns. it's very significance that the price waterhouse letter talks about taxes owed rather than paid. and uses a term of art, as prepared, not as ultimately filed or refiled under a 1040 x. that's an amended return after the fact. >> steven, the, in your experience, i've talked to tax practitioners, both lawyers and accountants, who's dealt with a lot of these cayman islands accounts and foreign account. they're telling me in their experience there has been a very, very, very big use of this amnesty that was provided to get those accounts into a legal status. has that been your experience with those accounts? >> yes. well what happened is many banks, ubs in particular, had to come forth with less of all of their accounts, account holders in switzerland and many of those people were brought in by the irs and had to file back tax returns for ten years and also pay that 20% which i referred to which is now up to 27.5%. so there's no question that a tremendous amount of tax has been raised by
if he owed taxes in the past, you would see these adjustments through his tax returns. it's very significance that the price waterhouse letter talks about taxes owed rather than paid. and uses a term of art, as prepared, not as ultimately filed or refiled under a 1040 x. that's an amended return after the fact. >> steven, the, in your experience, i've talked to tax practitioners, both lawyers and accountants, who's dealt with a lot of these cayman islands accounts and foreign account....
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Sep 27, 2012
09/12
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,ver since he released his tax returns, the obama campaign has been highlightingow unfair our tax policies e. tch this. >> it's crazy that mitt romn wants to get into office and ameran.es anhe ave >> i mean, these kinds of ads showing the kind of gap between what average americans pay on a percentage basis than romney than a continual revolution of opholes. the thini'sureare rt of why we're seeing him sink in the polls. >> if we can go back to i dig it, that program allows him to set up a trust for his children and his family and at a time worrnd tling pollsters s are that they don't believe their children are going to do better than they d, these are the strategy that he uses to make sure his children are multimillionaires without lifting a finger when their childr cannot get jobs. so in every ila tt eve referred to before, is this kind of empathy gap where people really don't believe that mitt romney can understand them, that he wants to help them because he doesn't think that he knows them. steve, on top of that, the economic policinstitute has me o wit a s o ey budgetnd they ha actuall
,ver since he released his tax returns, the obama campaign has been highlightingow unfair our tax policies e. tch this. >> it's crazy that mitt romn wants to get into office and ameran.es anhe ave >> i mean, these kinds of ads showing the kind of gap between what average americans pay on a percentage basis than romney than a continual revolution of opholes. the thini'sureare rt of why we're seeing him sink in the polls. >> if we can go back to i dig it, that program allows him...
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Sep 25, 2012
09/12
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he won't release his tax returns before 2010. >> eliot: then mr. obama made this comment to 60 minutes website. >> obama: do we see us sometimes going overboard in our campaign? areas where there's no doubt that somebody could dispute something we're saying that happens in politics. >> eliot: maybe the president is beginning to feel a little sorry for mitt romney don't do it mr. president. i'm joined now by thomas frank, and david catanese who is a reporter with political.com. david the un is meeting here in new york. i know that because you can't drive anywhere. it's gridlock alert every moment of the day, but the statements the president has made does it make the president a little bit vulnerable on foreign affairs which until now had been a strong suit for him. >> these are not the most el event comments the president has made. overall this doesn't his best interview. but i don't think this is sort of a game changer or doesn't rise to the level of the 47% comment that everyone was abscessed with last week around mitt romney because this campaign
he won't release his tax returns before 2010. >> eliot: then mr. obama made this comment to 60 minutes website. >> obama: do we see us sometimes going overboard in our campaign? areas where there's no doubt that somebody could dispute something we're saying that happens in politics. >> eliot: maybe the president is beginning to feel a little sorry for mitt romney don't do it mr. president. i'm joined now by thomas frank, and david catanese who is a reporter with political.com....
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Sep 27, 2012
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and if he lowers taxes, for whom is he lowering taxes and do lower class people or middle income pay for that. and there's the impressionistic part which is complicated complicated by all these gaffes. he cannot keep the foot out of his mouth. that is a problem for him. you look to leaders to be leaders both in policy and impression. tcat t a negotiate with somebody. world leaders or whomever. you don't get that sense from mitt romney. mitt romney, the impression you get from him is that this is a loser and nobody wants loser. >> y're puine fier incoet icrl obrvation which i have not made. the totality of them, as you pot out, this person isn't really competent at what he's trying to do what he's trying to do right now is run f president. whenou frent t thyon'y that, and that may be what you're seeing in that poll number that says these people don't approve of the way he's running his campaign. >> absolutely. because you take the partisans, a sepate issue, partisans are partisan because of policy. you believe that, you know, life begins at inception, it's hard to move from that posit
and if he lowers taxes, for whom is he lowering taxes and do lower class people or middle income pay for that. and there's the impressionistic part which is complicated complicated by all these gaffes. he cannot keep the foot out of his mouth. that is a problem for him. you look to leaders to be leaders both in policy and impression. tcat t a negotiate with somebody. world leaders or whomever. you don't get that sense from mitt romney. mitt romney, the impression you get from him is that this...
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Sep 29, 2012
09/12
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economic patriotism as he calls it, reducing oil imports and also giving tax breaks to companies that invest in the u.s. >> i assume the president is spending a lot of his time these days gettinged ready for that debate wednesday night. >> certainly in the big mush is the going to be as he heads to nevada here in the next couple of days and will be preparing as you know his partner senator john kerry who will be filling the shoes in these mock proposals. the campaign doesn't want to talk a whole lot about the preparation. they don't really want a lot of process stories. and they really want to emphasize the fact that mitt romney has been spending time preparing as they try to set expectations very high for president obama's opponent. >> thank you. >>> and we're counting down to the first debate once again, this coming wednesday. our complete coverage begins at 7 p.m. eastern right here on cnn. let's dig a little deeper right now with ron bron steen, the editorial director of the national journal. if you're looking at all the demographics right now, where are the major differences betw
economic patriotism as he calls it, reducing oil imports and also giving tax breaks to companies that invest in the u.s. >> i assume the president is spending a lot of his time these days gettinged ready for that debate wednesday night. >> certainly in the big mush is the going to be as he heads to nevada here in the next couple of days and will be preparing as you know his partner senator john kerry who will be filling the shoes in these mock proposals. the campaign doesn't want to...
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Oct 1, 2012
10/12
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the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that u.s. senate seat up there. david gregory will moderate it comes as new boston globe poll shows warren inching slightly ahead, 43% to 38%. still 18% of voters remain undecided there. the same poll conducted in may gave senator brown a two-point lead. >>> still ahead on "way too early," wow were the new york jets bad yesterday. shutout, blownout, injured on their home field. rex ryan's press game post conference the only highlight of the day. >>> and an incredible comeback by team europe at ryder cup. the united states entered sunday with a big lead and it's big guns on the course. we'll show you what happened in sports. all that
the cut in tax rates. >> lowers all americans tax rates. >> how much does that cost? >> it's revenue neutral. >> it's not revenue neutral unless it takes away -- >> lowering tax rates by broadening the tax base -- >> you haven't given me the math? >> it would take me too long to go through all the math. >>> in massachusetts tonight, senator scott brown and his democratic challenge elizabeth warren face off in the second of four debates for that...
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Sep 27, 2012
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tax rate. so our individual income taxes are once i want to reform. make them simpler. bring the rates down. don't be spigoting a huge cut in taxes. but by ringing rates down we'll be able to let small businesses keep more of their money -- >> so karen finney, there is with the standard message up to today, which is i want to bring the rates down. and then the next sentence is, but don't be expecting a huge tax cut because i'm also going to lower deductions. his problem is we've asked him for specifics. he didn't give us any, but he sure left his audience confused with the way he said that. >> well, i almost expected him to say you free loaders, don't expect a big tax cut. just yesterday he admitted that president obama did not cut taxes on the middle class. so this guy doesn't know if he's coming or going. i think what you're showing is quint essentially that exemplifies his problems. this campaign is trying to be all things to all people without be a core and center narrative about who he is
tax rate. so our individual income taxes are once i want to reform. make them simpler. bring the rates down. don't be spigoting a huge cut in taxes. but by ringing rates down we'll be able to let small businesses keep more of their money -- >> so karen finney, there is with the standard message up to today, which is i want to bring the rates down. and then the next sentence is, but don't be expecting a huge tax cut because i'm also going to lower deductions. his problem is we've asked him...
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>>> you like taxes? i've got taxes for you. christine romans is here to talk about the very serious issue of the fiscal cliff and what it means for your bottom line. literally your bottom line. plug for your show. >> the bottom line is you're going to pay more in taxes next year either because you'll go off the fiscal cliff or because payroll tax is going to expire. taxes are likely rising next year. >> real numbers for people who make certain amounts of money. >> this is the fiscal cliff only. if you make $20,000 to $40,000, your taxes will go up, $1,231. move out with me, $40,000 to $64,000 a year, a $2,000 tax bill right there. $2,000. $64,000 to $108,000, 3,500 more in taxes you're going to pay. take a look at $108,000 and up, another $14,000 in taxes. you can see the more money you take, the more you're going to pay in taxes if the u.s. goes over the fiscal cliff. what's a fiscal cliff? it's a huge tax increase, huge tax increases and huge spending cuts that hit at beginning of january. the bush tax cuts would go away, the
>>> you like taxes? i've got taxes for you. christine romans is here to talk about the very serious issue of the fiscal cliff and what it means for your bottom line. literally your bottom line. plug for your show. >> the bottom line is you're going to pay more in taxes next year either because you'll go off the fiscal cliff or because payroll tax is going to expire. taxes are likely rising next year. >> real numbers for people who make certain amounts of money. >>...
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Sep 29, 2012
09/12
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lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from the e.u. the of every country are making money. there are rich people everywhere yet to they3 there are rich people everywhere yet to they do not contribute to the growth of their own country. lou: there are rich people everywhere. she is worth over 100 million. what is she thinking about? and just have to give them our national sovereignty? what an absurd concept. we are ready to contribute 22% of the when budget almost $8 billion to the united nations. our favorite angry liberal on a quest to offend more people. taking shots at almost everyone on the online t
lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from...
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Sep 30, 2012
09/12
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administration for the country's high deficit saying they put two wars on the credit card and gave tax cuts to the well think. tens of thousands hit the streets in spain. and former new york times publisher arthur suls berger. he ran the paper for more than three decades. he was 86 years old. back to "lock up." yçysxçao >>> for many of the inmates arriving at the north carolina correctional institution for women, the really hard time is the day they arrive. they are forced to contemplate a new life without freedom. and as you're about to see, making that adjustment is never easy, for first-timers or repeat offenders. on this rainy morning, several women arrive to begin serving their time. >> oh, man. this is ridiculous. >> first stop, the reception unit where the inmates are processed into the system. >> now i'm nervous. i've never been in a prison before. i did have a brother who died on death row in texas. >> this is laura prince's first time in prison. like many of the inmates here, she stole to feed her drug habit. laura will be in incarcerated for the next six to eight months. >
administration for the country's high deficit saying they put two wars on the credit card and gave tax cuts to the well think. tens of thousands hit the streets in spain. and former new york times publisher arthur suls berger. he ran the paper for more than three decades. he was 86 years old. back to "lock up." yçysxçao >>> for many of the inmates arriving at the north carolina correctional institution for women, the really hard time is the day they arrive. they are forced...
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Sep 29, 2012
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can you pledge to the american people that you will stand rigid in opposing extension of the bush tax cuts for the wealthiest americans? >> the president's economic team knows they have a mountain to climb in front of them in terms of dealing with congress. the congressional leadership on the republican side came together the day the president was nominated and said we care more about score political points than working with this president. change comes by engaging people outside of washington, and putting pressure on the leakership in congress. so that's what we are going to do, and continue to do that, we hope the speaker and other republican leaders will come to the table. this is a time to get together sleeves, and continue to build off of the last four years. >> eliot: one area where there has been consistent criticism as been with respect to resolution of the mortgage crisis. the banks got a good deal, and yet at the same time there was not a sufficient effort to bring homeowners back, and that has hurt the economy in terms of home values median family asset values, is there som
can you pledge to the american people that you will stand rigid in opposing extension of the bush tax cuts for the wealthiest americans? >> the president's economic team knows they have a mountain to climb in front of them in terms of dealing with congress. the congressional leadership on the republican side came together the day the president was nominated and said we care more about score political points than working with this president. change comes by engaging people outside of...
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>> we have a very different plan on how to offer tax relief. >> thanks for spending a few moments with us. you, sir, are great. >> thank you. >> a conversation with daryl hammond. plus the media krieled foul again and again and again when an nfl replacement ref blows a big qaa. we'll blow the was on that high decibel coverage. i'm howard kufrt and this is "reliable sources." -- captions by vitac -- www.vitac.com >>> every day it seems the media is finding new reasons for why romney has fallen behind. as politico said the other day, maybe he's a lousy daenlt. someone commented maybe the polls are wrong. >> ed, do you buy this into this theory, look, mainstream media is going to talk down -- >> we have a no whining rule in boston oi about that. >> the debates on wednesday is his last shot. joining me, anna marie cox, politic political columnist for the guardian. and in new york editor of thomson reuters digital. the debates, very important. mass audience, no question about it. but are the media guilty of giving the impression that one candidate or the other could score a big knockout? >>
>> we have a very different plan on how to offer tax relief. >> thanks for spending a few moments with us. you, sir, are great. >> thank you. >> a conversation with daryl hammond. plus the media krieled foul again and again and again when an nfl replacement ref blows a big qaa. we'll blow the was on that high decibel coverage. i'm howard kufrt and this is "reliable sources." -- captions by vitac -- www.vitac.com >>> every day it seems the media is...
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Sep 28, 2012
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the 47% videos, the revelations about bain capital his tax returns, you know, using special tax vehicles as bloomberg reported to say $55 million in taxes. these are things dogging him contributing to this issue of this image of him as sort of a 1 percenter and he has to find a way to answer to that. i'm sure president obama will be bringing them up in the debates bringing up the issues and romney will have the chance to. the question is does he have something good and meaningful to say in response to them? >> eliot: the answer is no, he can't, he won't. game is over. reuters campaign finance reporter alina and mother jones staff reporter andy kroll thanks for coming on the program tonight. >> thank you. >> eliot: even members of the tea party are trying to get some distance from the tea party. that's ahead. by american express. welcome to the possibilities of membership. welcome in. american express. >> eliot: along with news that president obama is a net job creator, there are more jobs in the economy than when he took office, there is this interesting fact. he's presided over a turnar
the 47% videos, the revelations about bain capital his tax returns, you know, using special tax vehicles as bloomberg reported to say $55 million in taxes. these are things dogging him contributing to this issue of this image of him as sort of a 1 percenter and he has to find a way to answer to that. i'm sure president obama will be bringing them up in the debates bringing up the issues and romney will have the chance to. the question is does he have something good and meaningful to say in...
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Sep 27, 2012
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mitt romney told an audience in ohio they should not look forward to a huge cut in taxes if he's elected. romney said that's because he will also lower deductions and exemptions. >>> in an interview with "politico," newt gingrich had some debate advice for romney. gingrich says that when he faces president obama, mr. romney should "not be hostile but be assertive, clear, and direct and not back off." >>> campaigning with mitt romney in ohio yesterday was mike row, the host of "dirty jobs." the two agreed that creating jobs is the most important thing that america needs. >>> the "orlando sentinel" reports that jimmy buffet, the mayor of margaritaville, will be doing a performance next month to help president obama. tickets for the private invitation only fund-raiser cost between $500 and $5,000. >>> steve harvey will tape an episode today at nbc in chicago with first lady michelle obama for his new day time talk show. he says he is honored. the interview will air next wednesday. >>> and bill clinton told cnn he can't be president in the u.s. again but he does have other options. clinton s
mitt romney told an audience in ohio they should not look forward to a huge cut in taxes if he's elected. romney said that's because he will also lower deductions and exemptions. >>> in an interview with "politico," newt gingrich had some debate advice for romney. gingrich says that when he faces president obama, mr. romney should "not be hostile but be assertive, clear, and direct and not back off." >>> campaigning with mitt romney in ohio yesterday was...
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Sep 30, 2012
09/12
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make it so that five years from now we run into you on the street and you're just a normal, working, tax paying citizen. >> daddy, daddy don't you cry. your little boy ain't gonna die. >> along with the discipline you're trying to instill that there's more to doing things than the road that they have chosen. they can educate themselves. they can get jobs. they can learn how to be better parents. we're giving them a sense of responsibility, you know. if you can do this the right way, it's going to pay off. you don't have to just sell drugs, you know, to feel important. >> i used to drive a cadillac. now i pack it on my back. impact life is not my style. they got me looking like gomer pyle. >> one of the distinct features of the impact program is that it allows female inmates from a nearby women's correctional facility to participate alongside the men. >> louisiana correctional institute for women sits about a quarter mile to a half mile down the road from us. it's easy for us to get those females here and get them back to the women's prison at night. >> bravo company is one of the six imp
make it so that five years from now we run into you on the street and you're just a normal, working, tax paying citizen. >> daddy, daddy don't you cry. your little boy ain't gonna die. >> along with the discipline you're trying to instill that there's more to doing things than the road that they have chosen. they can educate themselves. they can get jobs. they can learn how to be better parents. we're giving them a sense of responsibility, you know. if you can do this the right way,...
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Sep 27, 2012
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romney is against the production tax credit. what do you think of president obama's clean energy policies, including the all of the above strategy with respect to natural gas? >> well, i will say that first of all he did the right thing in trying to invest in wind and solar. now, some of the investments didn't work out but their failure rate wasn't any -- was certainly lower than what would be obtained from investing in nuclear. nuclear is a -- is dead on wall street. and the government's trying to prop it up with loan guarantees. i don't agree with that. i agree with the solar investment. even president obama, at the convention, if you look at his speech, he mentions coal. now, as far as natural gas the glut is there. there are issues with fracking. it cannot be ignored. and so that's -- you know, but the economics that are underlying this election actually are arguing against coal. i think the long-term prospects that we ought to give the coal miners a pension and enable them to live their lives and thank them for their servic
romney is against the production tax credit. what do you think of president obama's clean energy policies, including the all of the above strategy with respect to natural gas? >> well, i will say that first of all he did the right thing in trying to invest in wind and solar. now, some of the investments didn't work out but their failure rate wasn't any -- was certainly lower than what would be obtained from investing in nuclear. nuclear is a -- is dead on wall street. and the government's...
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Sep 26, 2012
09/12
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new green taxes. and other attempts to raise revenue possibly through trading transactions on stocks. is i a about rajoy trying to find this 13 billion euros he needs to save from the budget this year. and that budget target is slipping and the people don't like the austerity that's already coming down the pipeline. so it looks like things will get even tougr. and just keep yr eyen ge to a w because we have a national strike in that country and we've already seen armored cars moving into the capitalthens to prepare for possible discontent. so we continue to see politicians here wrestling wh budgs,ut the people not happy about the consequences. back to you. >> sounds like madrid's only the beginning. geoff cutmore live in london. thanks so much. still ahead, the nfl officiating disgrace that has moved from the sports pages to the front page after the prs los the g tw nsgo o a bad call made by replacement refs, players and fans and everybody says we have reached the breaking point. we'll have the latest
new green taxes. and other attempts to raise revenue possibly through trading transactions on stocks. is i a about rajoy trying to find this 13 billion euros he needs to save from the budget this year. and that budget target is slipping and the people don't like the austerity that's already coming down the pipeline. so it looks like things will get even tougr. and just keep yr eyen ge to a w because we have a national strike in that country and we've already seen armored cars moving into the...
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Oct 3, 2012
10/12
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/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years during which president obama was in the white house while campaigning in iowa. paul ryan did not miss the opportunity to seize on biden's choice of words. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. they're being buried by the obama administration's economic failures. >> the romney campaign also chimed in on twitter writing agree with joe biden. the middle class has been buried the last
/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years...
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Sep 30, 2012
09/12
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he wants to cut taxes, reduce regulations and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonan bonanza. in some areas, like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather than fix it now when borrowing costs are at historic lows, we are passing a much bigger bill to our children. as i mentioned earlier, the world economic forum ranks us 25th in the world in infrastructure, down from 5th only a decade ago. education may be more complex. just spending money isn't the answer. but the problem is clear. in the 1970s, america led the world in the number of college graduates. as of 2009, we're 14th among rich countries. and the jobs of the future will all require more education than in the past. or take federal funding for research and d
he wants to cut taxes, reduce regulations and streamline government. and looking at places from switzerland to singapore to dubai, you can see that being friendly to businesses and to tourists can produce an economic bonan bonanza. in some areas, like infrastructure, most agree that the government must act and the need is urgent. if you defer maintenance on your house, the house deteriorates and eventually you actually have to pay more. that is what we are doing with our infrastructure. rather...
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Sep 30, 2012
09/12
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we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century
we get terrible marks on taxes and regulation. on the burden of government regulation the united states ranks 76th, with a score of 3.3 on a total scale of from zero to seven, on the extent and effect of taxation you can the united states ranks 69th out of 144 countries on total tax rate, percentage of profit, the united states came in 103rd out of 144. now the truth is that overall, the u.s. economy remains highly competitive the world economic forums report ranks the u.s. overall as the...
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Sep 30, 2012
09/12
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cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're defending look like they could go to republicans. what's wrong here at the state level because the republicans look like they're maintaining and could pick up some of the governorships currently held by democrats. what's going on? >> well, actually we're being greatly outspent in virtually every state, and we are defending 11 states. some of them not in the friendliest of terrains for president obama, but as we saw last year in kentucky, a state that where the president did not prevail, our candidate was all about jobs, all about bringing people together t
cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're...
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Sep 27, 2012
09/12
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governor romney has said we're going to do things with the tax cold, cut everyone's taxes and get more money. not clear how that's going to happen. i hope in the coming debates the people who are the moderators, who are very smart and policy savvy won't let them just give an answer and -- you have to follow up and say, now wait a minute, that doesn't square. how are you going to do this? what is the expectation the public can have? i mean, this is most interesting. if you think about who is going to become president. they are going to have to do some really unpopular things. >> sean: very much so. >> to fix this. i mean, you look through the book, and it was john boehner the speaker who came to the president and said we need to do tax reform, entitlement reform. those are hard. they take a long time. >> sean: we need it. >> it's just got to be done. >> sean: i accept means testing. i don't like it, but i accept it. i accept they'll raise the eligibility age. these are basic things. mitt romney to his credit said that on "60 minutes" this weekend. here's a question for you as it relates
governor romney has said we're going to do things with the tax cold, cut everyone's taxes and get more money. not clear how that's going to happen. i hope in the coming debates the people who are the moderators, who are very smart and policy savvy won't let them just give an answer and -- you have to follow up and say, now wait a minute, that doesn't square. how are you going to do this? what is the expectation the public can have? i mean, this is most interesting. if you think about who is...
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Sep 26, 2012
09/12
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they pay social security taxes. state taxes. local taxes, gas sales and property taxes. romney paid just 14% in taxes last year on over $13 million in income. almost all from investments. >> eliot: the romney/ryan team pay not be able to win a majority but after at itrocious call that ended the seahawks packers game, they did find an issue most americans can agree on. >> i gotta start off on something that was really troubling that occurred last night. did you guys watch that packer game last night? i mean give me a break! it is time to get the real refs. >> eliot: of course, the real refs are being locked out by the nfl where ryan was supporting the referee's union. mitt romney was at the education nation forum where he couldn't believe that new york parents might support the teacher's union over reformers like mike bloomberg. one parent assisted a quinnipiac poll showed just that. >> they believe that actually unions are fighting for our kids and that a lot of the reform has been holding back our kids. >> i don't believe it for a minute. i know something about polls. [
they pay social security taxes. state taxes. local taxes, gas sales and property taxes. romney paid just 14% in taxes last year on over $13 million in income. almost all from investments. >> eliot: the romney/ryan team pay not be able to win a majority but after at itrocious call that ended the seahawks packers game, they did find an issue most americans can agree on. >> i gotta start off on something that was really troubling that occurred last night. did you guys watch that packer...